Monster Beverage Corporation (NASDAQ:MNST) Q2 2023 Earnings Call Transcript

So that’s an answer to that. And then, what I would ask you to do is, listen to the conference call, because I don’t want to repeat numbers that we’ve already said, we’re already running out of time, the Q will be out in in two days, and that should answer your questions on Latin America.

Operator: Our next question comes from Bonnie Herzog with Goldman Sachs.

Bonnie Herzog: All right. Thank you. Hi, guys. I just wanted to quickly circle back on gross margins and see if you could share what impacted out of orbit issue that you highlighted during your shareholder meeting, maybe head off margin and whether this issue is now resolved, essentially. And I just want to confirm that you guys are now back working within your orbit.

Hilton Schlosberg: Yes, Bonnie, there always will be anomalies. And we’re in the middle of summer, as you know, and it’s been pretty hot out there. And we’re doing our very best to stay within orbits, but there are anomalies from time to time and our mission in this company has always been to satisfy our customers. So yes, there will be, we maintaining within our orbits, but there are times when we will and we do stray from that. This concludes our question-and-answer session. I would like to turn the conference back over to Mr. Rodney Sacks for any closing remarks.

Rodney Sacks: Thanks very much. On behalf of the company, I’d like to thank everyone for their continued interest. We continue to believe in the company and our growth strategy and remain committed to continuing to innovate, develop and differentiate our brands and to expand the company both at home and abroad. And in particular capitalizing on our relationship with the Coca Cola Bottler system. We believe that we are well positioned in the beverage industry and continue to be optimistic about the future of our company. We hope that you will remain safe and healthy and have enjoyable summer. Thank you very much for your attendance.

Operator: The conference is now concluded. Thank you for attending today’s presentation. You may all now disconnect.